07/04/2013
FCA cancels permissions of Edinburgh-based adviser
The final notice said: “As Sovereign is failing, and will continue to fail, to satisfy the threshold conditions, the authority hereby cancels its permission.”
Legal, Regulation & Compliance
07/04/2013
Top five law firms in pay bonanza despite flat profits
Top partners at the country’s five most prestigious law firms have shared in a £2.2 billion pay jackpot, according to new research, as Freshfields and Linklaters unveiled contrasting annual results today.
07/04/2013
Commerzbank Investigated for Possible Swiss Reporting Breach
Commerzbank AG (CBK), Germany’s second-biggest bank, is being investigated by Switzerland’s market regulator over the possible breach of reporting obligations for two structured products.
07/03/2013
Kerviel appeal thrown out
Kerviel is trying to overturn his conviction and jail sentence
07/03/2013
Leading international law firm picks McKinsey accountant as first-ever COO
Accountant Rick Baumgartner will join SJ Berwin on 9 September following a string of moves by the City firm
07/03/2013
Financial transaction tax won't see daylight: German bank lobby
A financial transaction tax, backed by 11 European Union member states, faces significant opposition and is unlikely to come into force
07/02/2013
Phones 4U insurance provider fined £2.8m
PAS is an insurance intermediary which administers mobile phone insurance policies sold by Phones 4u Limited
07/02/2013
Barclays CEO: We Aren't at Odds With Regulators
Barclays CEO Antony Jenkins has denied any conflict between his bank and its regulators
07/02/2013
FCA cancels permissions of Somerset-based IFA
The FCA said these failures lead it to conclude NWC has failed to manage its business in a sound and prudent manner
07/01/2013
Clock is ticking for banks to get to grips with anti-money-laundering rules
One answer might be that the present sanctions have not acted as a sufficient deterrent to bad behaviour.
07/01/2013
Withers bolsters partnership with eight promotions
The appointments bring the firm’s total number of partners
07/01/2013
Over Nine In 10 (94%) CFOs And COOs In UK Financial Services Industry Find Management Of Regulatory Regime Challenging
It is based on responses from 1,100 CFOs and COOs from the major global financial centres including the United States, Canada, the United Kingdom, France, Germany, Singapore and Hong Kong.
07/01/2013
JP Morgan disciplined star banker in 2009 over emails
Ian Hannam was disciplined by his bank four years ago over his working practices, according to court documents.
07/01/2013
Herbies turns to SJ Berwin for third German hire
Herbert Smith Freehills has made its third partner hire as it continues to build its new German operation.
07/01/2013
HMRC 'technical glitch' sees 432 Qrops mistakenly struck off
The list contains pension schemes that have told HMRC they meet the conditions to be a Qrops and have asked to be included on the list.
06/30/2013
London tax lawyer in 71-strong partner round at Global law firm
The Firm also reported that it has added 60 lateral partners in key practice areas and jurisdictions over the past year.
06/30/2013
London tax lawyer in 71-strong partner round at Baker & McKenzie
LAW firm Baker & McKenzie will this morning promote 71 new lawyers to its partnership, including London-based tax specialist James Wilson.
06/30/2013
Luxembourg's Arendt shuts down Brussels base
The firm is the largest in Luxembourg
06/30/2013
Billionaire Saudi prince grilled in UK court over Gaddafi jet
The prince is being sued by Daad Sharab, a Jordanian businesswoman who says she was not paid a promised $10 million commission
06/30/2013
Directors' remuneration reporting reforms — legislation finalised
The new regime is being implemented partly through changes to the Companies Act 2006 and partly through new regulations to be known as the Large and Medium-Sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013 (Regulations).